Warrington healthcare operator expands with support from RBS

Warrington-based healthcare operator Ashberry Healthcare Ltd is expanding its operations with the purchase of five care homes in Wales and the West Midlands with a funding package put in place by the specialist healthcare team at The Royal Bank of Scotland (RBS). Ashberry, which currently operates two nursing homes in the North West has purchased the Jonathan Cheetham group which operates homes in Hereford, Llandovery, Bridll and Llanbydder. The deal increases Ashberry’s portfolio to 300 beds across seven homes and provides further support to the growth aspirations of the company. Plans for the new homes include further investment in the current facilities, which builds upon Ashberry’s promotion of top of the range facilities for residents who are both publicly and privately funded. Funding for the acquisition has been provided through Dave Kershaw and David Potter of the RBS North West healthcare team and includes a mixture of term debt and working capital facilities alongside interest rate management pr